Australia’s population increased 1.4% in past year

If you are like me, you like to keep up with what’s happening to Australia’s population because it’s an important factor in the strength of our property markets.

According to the Australian Bureau of Statistics Australia’s annual population grew 1.4% for the year ending December 31, 2011 increasing our population by 302,600 people to 22.5 million (22,485,300) people.

Net overseas migration accounted for 55% of the growth, with the other 45% due to natural increase (births minus deaths).

Interestingly the preliminary net overseas migration estimate for the year ending December 2011 (184,000 people) was 9% (or 15,100) higher than that for December 2010 (168,800 people).

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au

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